Analysis of Reportable Segments
Caterpillar Inc. operates in 4 segments: Construction Industries; Resource Industries; Energy & Transportation; and Financial Products.
Segment Profit Margin
Caterpillar Inc., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 25.44% | 18.77% | 16.76% | 14.03% | 17.36% |
| Resource Industries | 20.86% | 14.84% | 12.96% | 11.33% | 15.85% |
| Energy & Transportation | 17.63% | 13.93% | 13.64% | 13.77% | 17.69% |
| Financial Products | 24.02% | 26.56% | 29.55% | 19.38% | 24.23% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Construction Industries | Construction Industries segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Resource Industries | Resource Industries segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Energy & Transportation | Energy & Transportation segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Financial Products | Financial Products segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Construction Industries
Caterpillar Inc.; Construction Industries; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 6,975) | 4,743) | 3,706) | 2,373) | 3,931) |
| Sales and revenues | 27,418) | 25,269) | 22,106) | 16,918) | 22,649) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 25.44% | 18.77% | 16.76% | 14.03% | 17.36% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 6,975 ÷ 27,418 = 25.44%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Construction Industries | Construction Industries segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Resource Industries
Caterpillar Inc.; Resource Industries; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 2,834) | 1,827) | 1,291) | 896) | 1,629) |
| Sales and revenues | 13,583) | 12,314) | 9,963) | 7,906) | 10,276) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.86% | 14.84% | 12.96% | 11.33% | 15.85% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 2,834 ÷ 13,583 = 20.86%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Resource Industries | Resource Industries segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 4,936) | 3,309) | 2,768) | 2,405) | 3,910) |
| Sales and revenues | 28,001) | 23,752) | 20,287) | 17,470) | 22,097) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 17.63% | 13.93% | 13.64% | 13.77% | 17.69% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 4,936 ÷ 28,001 = 17.63%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy & Transportation | Energy & Transportation segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Financial Products
Caterpillar Inc.; Financial Products; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 909) | 864) | 908) | 590) | 832) |
| Sales and revenues | 3,785) | 3,253) | 3,073) | 3,044) | 3,434) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 24.02% | 26.56% | 29.55% | 19.38% | 24.23% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Profit ÷ Sales and revenues
= 100 × 909 ÷ 3,785 = 24.02%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Financial Products | Financial Products segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Caterpillar Inc., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 129.55% | 91.78% | 81.50% | 55.72% | 75.32% |
| Resource Industries | 49.36% | 31.64% | 21.65% | 14.85% | 26.21% |
| Energy & Transportation | 46.76% | 35.00% | 29.91% | 28.02% | 45.40% |
| Financial Products | 2.55% | 2.52% | 2.60% | 1.72% | 2.32% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Construction Industries | Construction Industries segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
| Resource Industries | Resource Industries segment ROA improved from 2021 to 2022 and from 2022 to 2023. | |
| Energy & Transportation | Energy & Transportation segment ROA improved from 2021 to 2022 and from 2022 to 2023. | |
| Financial Products | Financial Products segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment ROA: Construction Industries
Caterpillar Inc.; Construction Industries; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 6,975) | 4,743) | 3,706) | 2,373) | 3,931) |
| Assets | 5,384) | 5,168) | 4,547) | 4,259) | 5,219) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 129.55% | 91.78% | 81.50% | 55.72% | 75.32% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 6,975 ÷ 5,384 = 129.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Construction Industries | Construction Industries segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Resource Industries
Caterpillar Inc.; Resource Industries; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 2,834) | 1,827) | 1,291) | 896) | 1,629) |
| Assets | 5,742) | 5,775) | 5,962) | 6,035) | 6,214) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 49.36% | 31.64% | 21.65% | 14.85% | 26.21% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 2,834 ÷ 5,742 = 49.36%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Resource Industries | Resource Industries segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 4,936) | 3,309) | 2,768) | 2,405) | 3,910) |
| Assets | 10,555) | 9,455) | 9,253) | 8,582) | 8,612) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 46.76% | 35.00% | 29.91% | 28.02% | 45.40% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 4,936 ÷ 10,555 = 46.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Energy & Transportation | Energy & Transportation segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Financial Products
Caterpillar Inc.; Financial Products; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Profit | 909) | 864) | 908) | 590) | 832) |
| Assets | 35,685) | 34,269) | 34,860) | 34,278) | 35,813) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 2.55% | 2.52% | 2.60% | 1.72% | 2.32% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Profit ÷ Assets
= 100 × 909 ÷ 35,685 = 2.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Financial Products | Financial Products segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Asset Turnover
Caterpillar Inc., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 5.09 | 4.89 | 4.86 | 3.97 | 4.34 |
| Resource Industries | 2.37 | 2.13 | 1.67 | 1.31 | 1.65 |
| Energy & Transportation | 2.65 | 2.51 | 2.19 | 2.04 | 2.57 |
| Financial Products | 0.11 | 0.09 | 0.09 | 0.09 | 0.10 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Construction Industries | Construction Industries segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Resource Industries | Resource Industries segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Energy & Transportation | Energy & Transportation segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Financial Products | Financial Products segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Construction Industries
Caterpillar Inc.; Construction Industries; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 27,418) | 25,269) | 22,106) | 16,918) | 22,649) |
| Assets | 5,384) | 5,168) | 4,547) | 4,259) | 5,219) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 5.09 | 4.89 | 4.86 | 3.97 | 4.34 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 27,418 ÷ 5,384 = 5.09
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Construction Industries | Construction Industries segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Resource Industries
Caterpillar Inc.; Resource Industries; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 13,583) | 12,314) | 9,963) | 7,906) | 10,276) |
| Assets | 5,742) | 5,775) | 5,962) | 6,035) | 6,214) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.37 | 2.13 | 1.67 | 1.31 | 1.65 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 13,583 ÷ 5,742 = 2.37
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Resource Industries | Resource Industries segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 28,001) | 23,752) | 20,287) | 17,470) | 22,097) |
| Assets | 10,555) | 9,455) | 9,253) | 8,582) | 8,612) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.65 | 2.51 | 2.19 | 2.04 | 2.57 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 28,001 ÷ 10,555 = 2.65
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Energy & Transportation | Energy & Transportation segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Financial Products
Caterpillar Inc.; Financial Products; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and revenues | 3,785) | 3,253) | 3,073) | 3,044) | 3,434) |
| Assets | 35,685) | 34,269) | 34,860) | 34,278) | 35,813) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.11 | 0.09 | 0.09 | 0.09 | 0.10 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Sales and revenues ÷ Assets
= 3,785 ÷ 35,685 = 0.11
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Financial Products | Financial Products segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Caterpillar Inc., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 1.70 | 1.17 | 1.08 | 0.87 | 0.61 |
| Resource Industries | 0.81 | 0.64 | 0.49 | 0.30 | 0.40 |
| Energy & Transportation | 1.71 | 1.38 | 1.10 | 0.83 | 0.98 |
| Financial Products | 1.78 | 1.55 | 1.58 | 1.42 | 1.85 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Construction Industries | Construction Industries segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Resource Industries | Resource Industries segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Energy & Transportation | Energy & Transportation segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Financial Products | Financial Products segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: Construction Industries
Caterpillar Inc.; Construction Industries; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 376) | 271) | 255) | 213) | 201) |
| Depreciation and amortization | 221) | 231) | 237) | 245) | 331) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.70 | 1.17 | 1.08 | 0.87 | 0.61 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 376 ÷ 221 = 1.70
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Construction Industries | Construction Industries segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Resource Industries
Caterpillar Inc.; Resource Industries; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 245) | 237) | 199) | 125) | 168) |
| Depreciation and amortization | 302) | 368) | 403) | 418) | 425) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.81 | 0.64 | 0.49 | 0.30 | 0.40 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 245 ÷ 302 = 0.81
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Resource Industries | Resource Industries segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Energy & Transportation
Caterpillar Inc.; Energy & Transportation; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 944) | 756) | 627) | 495) | 613) |
| Depreciation and amortization | 551) | 547) | 571) | 593) | 628) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.71 | 1.38 | 1.10 | 0.83 | 0.98 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 944 ÷ 551 = 1.71
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Energy & Transportation | Energy & Transportation segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Financial Products
Caterpillar Inc.; Financial Products; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures | 1,299) | 1,141) | 1,218) | 1,100) | 1,534) |
| Depreciation and amortization | 731) | 734) | 772) | 773) | 829) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.78 | 1.55 | 1.58 | 1.42 | 1.85 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation and amortization
= 1,299 ÷ 731 = 1.78
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Financial Products | Financial Products segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Sales and revenues
Caterpillar Inc., sales and revenues by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 27,418) | 25,269) | 22,106) | 16,918) | 22,649) |
| Resource Industries | 13,583) | 12,314) | 9,963) | 7,906) | 10,276) |
| Energy & Transportation | 28,001) | 23,752) | 20,287) | 17,470) | 22,097) |
| Financial Products | 3,785) | 3,253) | 3,073) | 3,044) | 3,434) |
| Total reportable segments | 72,787) | 64,588) | 55,429) | 45,338) | 58,456) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Profit
Caterpillar Inc., profit by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 6,975) | 4,743) | 3,706) | 2,373) | 3,931) |
| Resource Industries | 2,834) | 1,827) | 1,291) | 896) | 1,629) |
| Energy & Transportation | 4,936) | 3,309) | 2,768) | 2,405) | 3,910) |
| Financial Products | 909) | 864) | 908) | 590) | 832) |
| Total reportable segments | 15,654) | 10,743) | 8,673) | 6,264) | 10,302) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Assets
Caterpillar Inc., assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 5,384) | 5,168) | 4,547) | 4,259) | 5,219) |
| Resource Industries | 5,742) | 5,775) | 5,962) | 6,035) | 6,214) |
| Energy & Transportation | 10,555) | 9,455) | 9,253) | 8,582) | 8,612) |
| Financial Products | 35,685) | 34,269) | 34,860) | 34,278) | 35,813) |
| Total reportable segments | 57,366) | 54,667) | 54,622) | 53,154) | 55,858) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Depreciation and amortization
Caterpillar Inc., depreciation and amortization by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 221) | 231) | 237) | 245) | 331) |
| Resource Industries | 302) | 368) | 403) | 418) | 425) |
| Energy & Transportation | 551) | 547) | 571) | 593) | 628) |
| Financial Products | 731) | 734) | 772) | 773) | 829) |
| Total reportable segments | 1,805) | 1,880) | 1,983) | 2,029) | 2,213) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Capital expenditures
Caterpillar Inc., capital expenditures by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Construction Industries | 376) | 271) | 255) | 213) | 201) |
| Resource Industries | 245) | 237) | 199) | 125) | 168) |
| Energy & Transportation | 944) | 756) | 627) | 495) | 613) |
| Financial Products | 1,299) | 1,141) | 1,218) | 1,100) | 1,534) |
| Total reportable segments | 2,864) | 2,405) | 2,299) | 1,933) | 2,516) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).